Benzinga's Top Ratings Upgrades, Downgrades For January 10, 2022

Upgrades

• According to Mizuho, the prior rating for Xcel Energy Inc XEL was changed from Neutral to Buy. For the third quarter, Xcel Energy had an EPS of $1.13, compared to year-ago quarter EPS of $1.14. The current stock performance of Xcel Energy shows a 52-week-high of $72.94 and a 52-week-low of $57.23. Moreover, at the end of the last trading period, the closing price was at $69.10.
• Deutsche Bank upgraded the previous rating for ViacomCBS Inc VIAC from Hold to Buy. In the third quarter, ViacomCBS showed an EPS of $0.76, compared to $0.91 from the year-ago quarter. The stock has a 52-week-high of $101.97 and a 52-week-low of $28.29. At the end of the last trading period, ViacomCBS closed at $35.39.
• For Intuitive Surgical Inc ISRG, BTIG upgraded the previous rating of Neutral to Buy. Intuitive Surgical earned $1.19 in the third quarter, compared to $0.92 in the year-ago quarter. The stock has a 52-week-high of $1087.01 and a 52-week-low of $313.69. At the end of the last trading period, Intuitive Surgical closed at $324.29.
• For Hyatt Hotels Corp H, B of A Securities upgraded the previous rating of Underperform to Buy. In the third quarter, Hyatt Hotels showed an EPS of $2.31, compared to $1.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $97.63 and a 52-week-low of $65.44. Hyatt Hotels closed at $96.94 at the end of the last trading period.
• Wells Fargo upgraded the previous rating for Northrop Grumman Corp NOC from Underweight to Equal-Weight. For the third quarter, Northrop Grumman had an EPS of $6.63, compared to year-ago quarter EPS of $5.89. At the moment, the stock has a 52-week-high of $408.03 and a 52-week-low of $282.88. Northrop Grumman closed at $400.42 at the end of the last trading period.
• Wells Fargo upgraded the previous rating for L3Harris Technologies Inc LHX from Equal-Weight to Overweight. For the third quarter, L3Harris Technologies had an EPS of $3.21, compared to year-ago quarter EPS of $2.84. At the moment, the stock has a 52-week-high of $246.08 and a 52-week-low of $168.70. L3Harris Technologies closed at $219.77 at the end of the last trading period.
• UBS upgraded the previous rating for SolarEdge Technologies Inc SEDG from Sell to Neutral. In the third quarter, SolarEdge Technologies showed an EPS of $1.45, compared to $1.21 from the year-ago quarter. The current stock performance of SolarEdge Technologies shows a 52-week-high of $389.71 and a 52-week-low of $199.33. Moreover, at the end of the last trading period, the closing price was at $248.91.
• According to UBS, the prior rating for Generac Holdings Inc GNRC was changed from Neutral to Buy. In the third quarter, Generac Hldgs showed an EPS of $2.35, compared to $2.08 from the year-ago quarter. The current stock performance of Generac Hldgs shows a 52-week-high of $524.31 and a 52-week-low of $243.21. Moreover, at the end of the last trading period, the closing price was at $316.55.
• For Infosys Ltd INFY, Susquehanna upgraded the previous rating of Neutral to Positive. For the second quarter, Infosys had an EPS of $0.17, compared to year-ago quarter EPS of $0.15. The current stock performance of Infosys shows a 52-week-high of $25.60 and a 52-week-low of $16.88. Moreover, at the end of the last trading period, the closing price was at $24.20.
• According to Piper Sandler, the prior rating for Expedia Group Inc EXPE was changed from Neutral to Overweight. For the third quarter, Expedia Group had an EPS of $3.56, compared to year-ago quarter EPS of $0.24. The current stock performance of Expedia Group shows a 52-week-high of $191.85 and a 52-week-low of $118.30. Moreover, at the end of the last trading period, the closing price was at $179.91.
• UBS upgraded the previous rating for Zscaler Inc ZS from Neutral to Buy. Zscaler earned $0.14 in the first quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Zscaler shows a 52-week-high of $376.11 and a 52-week-low of $157.03. Moreover, at the end of the last trading period, the closing price was at $261.53.
• For KB Home KBH, RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the third quarter, KB Home showed an EPS of $1.65, compared to $0.83 from the year-ago quarter. The stock has a 52-week-high of $52.48 and a 52-week-low of $32.52. At the end of the last trading period, KB Home closed at $39.76.
• RBC Capital upgraded the previous rating for Core & Main Inc CNM from Sector Perform to Outperform. The stock has a 52-week-high of $32.54 and a 52-week-low of $21.45. At the end of the last trading period, Core & Main closed at $25.45.
• For Public Storage PSA, Jefferies upgraded the previous rating of Hold to Buy. For the third quarter, Public Storage had an EPS of $3.42, compared to year-ago quarter EPS of $2.63. The current stock performance of Public Storage shows a 52-week-high of $377.36 and a 52-week-low of $213.05. Moreover, at the end of the last trading period, the closing price was at $355.91.
• For Dell Technologies Inc DELL, Bernstein upgraded the previous rating of Market Perform to Outperform. For the third quarter, Dell Technologies had an EPS of $2.37, compared to year-ago quarter EPS of $2.03. The current stock performance of Dell Technologies shows a 52-week-high of $115.00 and a 52-week-low of $53.01. Moreover, at the end of the last trading period, the closing price was at $57.99.
• For F5 Inc FFIV, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. In the fourth quarter, F5 showed an EPS of $3.01, compared to $2.43 from the year-ago quarter. The stock has a 52-week-high of $249.00 and a 52-week-low of $174.34. At the end of the last trading period, F5 closed at $231.95.

See all analyst ratings upgrades.

Downgrades

• For Marathon Oil Corp MRO, B of A Securities downgraded the previous rating of Neutral to Underperform. For the third quarter, Marathon Oil had an EPS of $0.39, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $18.33 and a 52-week-low of $7.17. Marathon Oil closed at $18.24 at the end of the last trading period.
• Wolfe Research downgraded the previous rating for ONEOK Inc OKE from Peer Perform to Underperform. ONEOK earned $0.88 in the third quarter, compared to $0.70 in the year-ago quarter. The stock has a 52-week-high of $66.78 and a 52-week-low of $38.66. At the end of the last trading period, ONEOK closed at $62.46.
• According to B of A Securities, the prior rating for Devon Energy Corp DVN was changed from Buy to Neutral. For the third quarter, Devon Energy had an EPS of $1.08, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $49.75 and a 52-week-low of $16.11. At the end of the last trading period, Devon Energy closed at $48.89.
• Evercore ISI Group downgraded the previous rating for Mohawk Industries Inc MHK from Outperform to In-Line. For the third quarter, Mohawk Industries had an EPS of $3.95, compared to year-ago quarter EPS of $3.26. The current stock performance of Mohawk Industries shows a 52-week-high of $231.80 and a 52-week-low of $141.42. Moreover, at the end of the last trading period, the closing price was at $176.55.
• According to BTIG, the prior rating for Zimmer Biomet Holdings Inc ZBH was changed from Buy to Neutral. In the third quarter, Zimmer Biomet Holdings showed an EPS of $1.81, compared to $1.81 from the year-ago quarter. The current stock performance of Zimmer Biomet Holdings shows a 52-week-high of $180.36 and a 52-week-low of $116.60. Moreover, at the end of the last trading period, the closing price was at $128.15.
• BTIG downgraded the previous rating for Medtronic PLC MDT from Buy to Neutral. For the second quarter, Medtronic had an EPS of $1.32, compared to year-ago quarter EPS of $1.02. At the moment, the stock has a 52-week-high of $135.89 and a 52-week-low of $98.38. Medtronic closed at $105.16 at the end of the last trading period.
• RBC Capital downgraded the previous rating for Toll Brothers Inc TOL from Outperform to Sector Perform. For the fourth quarter, Toll Brothers had an EPS of $3.02, compared to year-ago quarter EPS of $1.55. At the moment, the stock has a 52-week-high of $75.61 and a 52-week-low of $42.18. Toll Brothers closed at $65.54 at the end of the last trading period.
• B of A Securities downgraded the previous rating for Park Hotels & Resorts Inc PK from Buy to Neutral. In the third quarter, Park Hotels & Resorts showed an EPS of $0.02, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.67 and a 52-week-low of $15.77. Park Hotels & Resorts closed at $19.81 at the end of the last trading period.
• For Charles Schwab Corp SCHW, JMP Securities downgraded the previous rating of Market Outperform to Market Perform. For the third quarter, Charles Schwab had an EPS of $0.84, compared to year-ago quarter EPS of $0.51. At the moment, the stock has a 52-week-high of $92.32 and a 52-week-low of $50.77. Charles Schwab closed at $91.74 at the end of the last trading period.
• According to JMP Securities, the prior rating for Raymond James Financial Inc RJF was changed from Market Outperform to Market Perform. In the fourth quarter, Raymond James Financial showed an EPS of $2.06, compared to $1.78 from the year-ago quarter. The current stock performance of Raymond James Financial shows a 52-week-high of $143.14 and a 52-week-low of $86.51. Moreover, at the end of the last trading period, the closing price was at $109.07.
• For Las Vegas Sands Corp LVS, B of A Securities downgraded the previous rating of Neutral to Underperform. Las Vegas Sands earned $0.45 in the third quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $66.77 and a 52-week-low of $33.75. At the end of the last trading period, Las Vegas Sands closed at $37.90.
• For CommScope Holding Co Inc COMM, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the third quarter, CommScope Hldg Co showed an EPS of $0.29, compared to $0.51 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.18 and a 52-week-low of $9.25. CommScope Hldg Co closed at $10.84 at the end of the last trading period.
• According to HSBC, the prior rating for Nike Inc NKE was changed from Buy to Hold. In the second quarter, Nike showed an EPS of $0.83, compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $179.10 and a 52-week-low of $125.44. At the end of the last trading period, Nike closed at $156.97.
• Jefferies downgraded the previous rating for SBA Communications Corp SBAC from Buy to Hold. In the third quarter, SBA Communications showed an EPS of $0.43, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $391.15 and a 52-week-low of $232.88. SBA Communications closed at $347.91 at the end of the last trading period.
• According to Jefferies, the prior rating for Extra Space Storage Inc EXR was changed from Buy to Hold. Extra Space Storage earned $1.85 in the third quarter, compared to $1.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $228.84 and a 52-week-low of $107.78. Extra Space Storage closed at $208.45 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for Cognizant Technology Solutions Corp CTSH was changed from Overweight to Equal-Weight. For the third quarter, Cognizant Tech Solns had an EPS of $1.06, compared to year-ago quarter EPS of $0.97. The stock has a 52-week-high of $92.03 and a 52-week-low of $66.19. At the end of the last trading period, Cognizant Tech Solns closed at $87.42.
• For Mercer International Inc MERC, Credit Suisse downgraded the previous rating of Outperform to Neutral. For the third quarter, Mercer International had an EPS of $1.04, compared to year-ago quarter EPS of $0.11. The current stock performance of Mercer International shows a 52-week-high of $18.14 and a 52-week-low of $9.51. Moreover, at the end of the last trading period, the closing price was at $12.09.
• For Hilton Worldwide Holdings Inc HLT, Bernstein downgraded the previous rating of Outperform to Market Perform. In the third quarter, Hilton Worldwide Holdings showed an EPS of $0.78, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $159.21 and a 52-week-low of $98.57. Hilton Worldwide Holdings closed at $152.00 at the end of the last trading period.
• See all analyst ratings downgrades.

Initiations

• William Blair initiated coverage on Cvent Holding Corp CVT with an Outperform rating. In the third quarter, Cvent Holding showed an EPS of $0.09, compared to $0.16 from the year-ago quarter. The current stock performance of Cvent Holding shows a 52-week-high of $10.96 and a 52-week-low of $7.35. Moreover, at the end of the last trading period, the closing price was at $7.90.
• For International Business Machines Corp IBM, Goldman Sachs initiated coverage, by setting the current rating at Neutral. In the third quarter, IBM showed an EPS of $2.52, compared to $2.58 from the year-ago quarter. The current stock performance of IBM shows a 52-week-high of $152.84 and a 52-week-low of $114.56. Moreover, at the end of the last trading period, the closing price was at $134.83.
• With an Overweight rating, Wells Fargo initiated coverage on Samsara Inc IOT. The price target seems to have been set at $31.00 for Samsara. At the moment, the stock has a 52-week-high of $31.41 and a 52-week-low of $21.80. Samsara closed at $23.22 at the end of the last trading period.
• Evercore ISI Group initiated coverage on Bionomics Ltd BNOX with an Outperform rating. The price target for Bionomics is set to $17.00. At the moment, the stock has a 52-week-high of $22.00 and a 52-week-low of $10.53. Bionomics closed at $11.55 at the end of the last trading period.
• Deutsche Bank initiated coverage on Kore Group Holdings Inc KORE with a Hold rating. The price target for Kore Group Holdings is set to $8.00. Kore Group Holdings earned $0.27 in the third quarter, compared to $0.42 in the year-ago quarter. The current stock performance of Kore Group Holdings shows a 52-week-high of $9.50 and a 52-week-low of $5.90. Moreover, at the end of the last trading period, the closing price was at $6.77.
• With a Buy rating, Berenberg initiated coverage on Bionomics Ltd BNOX. The price target seems to have been set at $21.00 for Bionomics. At the moment, the stock has a 52-week-high of $22.00 and a 52-week-low of $10.53. Bionomics closed at $11.55 at the end of the last trading period.
• HC Wainwright & Co. initiated coverage on Xilio Therapeutics Inc XLO with a Buy rating. The price target for Xilio Therapeutics is set to $36.00. In the third quarter, Xilio Therapeutics showed an EPS of $21.27, compared to $24.19 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.95 and a 52-week-low of $8.52. Xilio Therapeutics closed at $14.32 at the end of the last trading period.
• With a Buy rating, Needham initiated coverage on Solid Power Inc SLDP. The price target seems to have been set at $13.00 for Solid Power. The current stock performance of Solid Power shows a 52-week-high of $14.85 and a 52-week-low of $7.62. Moreover, at the end of the last trading period, the closing price was at $7.71.
• Goldman Sachs initiated coverage on TaskUs Inc TASK with a Buy rating. The price target for TaskUs is set to $77.00. The stock has a 52-week-high of $85.49 and a 52-week-low of $26.66. At the end of the last trading period, TaskUs closed at $46.10.
• With a Neutral rating, Goldman Sachs initiated coverage on Accenture PLC ACN. The price target seems to have been set at $446.00 for Accenture. For the first quarter, Accenture had an EPS of $2.78, compared to year-ago quarter EPS of $2.17. The stock has a 52-week-high of $417.37 and a 52-week-low of $241.73. At the end of the last trading period, Accenture closed at $370.75.
• New Street Research initiated coverage on Micron Technology Inc MU with a Buy rating. The price target for Micron Technology is set to $135.00. In the first quarter, Micron Technology showed an EPS of $2.16, compared to $0.78 from the year-ago quarter. At the moment, the stock has a 52-week-high of $98.45 and a 52-week-low of $65.67. Micron Technology closed at $94.45 at the end of the last trading period.

See all analyst ratings initiations.